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Anaplan vs Oracle HFM comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 19, 2024

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Anaplan
Ranking in Business Performance Management
2nd
Average Rating
8.0
Reviews Sentiment
6.8
Number of Reviews
29
Ranking in other categories
Production Planning (4th), Predictive Analytics (4th)
Oracle HFM
Ranking in Business Performance Management
5th
Average Rating
8.2
Reviews Sentiment
7.0
Number of Reviews
15
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of September 2025, in the Business Performance Management category, the mindshare of Anaplan is 10.3%, down from 14.6% compared to the previous year. The mindshare of Oracle HFM is 6.2%, down from 9.3% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management Market Share Distribution
ProductMarket Share (%)
Anaplan10.3%
Oracle HFM6.2%
Other83.5%
Business Performance Management
 

Featured Reviews

Antonio Flor - PeerSpot reviewer
Real-time data integration enhances operational efficiency and flexibility
As a client developer and solutions architect, I use Anaplan for building modules and deploying logic end-to-end. I work closely with the business in an agile manner to ensure the model aligns with business needs Anaplan offers flexibility in building different options within the platform. The…
AhmedHaridy - PeerSpot reviewer
Offers flexibility and ease of configuration
The initial setup of Oracle HFM is generally straightforward and not overly complex. The deployment time for Oracle HFM varies with the resources, but it usually takes around three to eight months, with an average of three to four months. The deployment process for Oracle HFM involves several key steps. It begins with the installation of Oracle software, followed by gathering requirements and relevant documents. These documents help define the report formats and service needs. Next, the team configures the system, starting with the enterprise structure, which needs to align with the ERP system. Data loading and configuration follow, with Oracle HFM typically requiring more resources compared to other systems like SuccessFactors.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The solution scales well."
"I am impressed with the tool’s real-time calculations and intuitive interface. The tool’s user interface is the best compared to other software that I have worked with. I also find the tool’s management reporting feature valuable."
"Where we're seeing the opportunity in the market is at the Fortune 100 companies that have far more complex modeling type scenarios where you need to be able to have a lot of people collaborating together, and you need a lot of information all at everyone's fingertips. This is where you see the big advantage of a solution like Anaplan."
"It's highly flexible. If you've got a complex environment with complex calculations, you can build that out. So that's a really good positive."
"Anaplan offers flexibility in building different options within the platform."
"Anaplan's strongest feature is that its GUI is very modern and user-friendly."
"The best thing is that it's very intuitive and user-friendly. You don't need coding skills to manipulate the platform."
"Anaplan's in-memory calculation engine is super-fast compared to the old tools we previously used. You enter the data and everything shows up in one go."
"It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a better return on investment based on usage."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"It is a very user-friendly software."
"The most valuable features are around consolidations, eliminations, conversions."
"Stability-wise, I rate the solution a ten out of ten."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"The tool is stable."
 

Cons

"The negative is that the higher the flexibility, the higher is the complexity. That can act against you as a negative because it does require a model builder or a coder/developer."
"The dashboard could be better. Because within a dashboard or report, you have to do a lot of scrolling. You need to scroll down because the table doesn't fit in a single view. That's why even the users aren't happy with that kind of user experience. They need to scroll to see all the data, and it could be better if it fits in just one page. That way, you can see everything. In the next release, I want automation that's connected to Anaplan. For example, to load master data from SAP to Anaplan. I don't know if this already exists, but a log where you can see the progress and see if there's an error will also help. It would be better to give you the error message, for example, if there is an error within the automated process importing to Anaplan."
"Anaplan could be improved with a stronger consolidation module."
"There are so many business rules to set up in the system that as a business user it's hard to gauge what they're doing and it's possible to get lost."
"I would rate scalability between six and seven. Anaplan had issues before, but the new Polaris engine solves them, although its implementation is more challenging compared to the Classic engine."
"There are workspace issues, like the limitation on model sizes."
"Automation needs to be built into this solution."
"The price of the solution can improve."
"If there could be data integration between HFM and the accounting software that would be ideal."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"The solution has integration challenges. We need a simple tool that is fool-proof for the data that is submitted not only for consolidation purposes but also for performance management and reporting purposes."
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"The complexity is okay. I don't see it as super complex. The solution could have more functionality to make it a little bit more flexible."
"Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"Integration is an area where it lacks and can be improved."
 

Pricing and Cost Advice

"The tool’s pricing is reasonable and competitive with other solutions."
"A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
"The entry-level is anywhere from about $30,000 to $50,000 a year, however, it does go up significantly after that depending on the complexity and how much space you're using."
"The cost of Anaplan is a challenge for clients, especially if they don't have an ongoing long-term use case for it. It's a $50,000 licensing fee just to get started. Clients need a strong business case to switch from Excel to Anaplan. But if clients have used something similar in the past, such as Hyperion or other solutions, that's not a factor because they know what to expect."
"The price of the solution is expensive."
"This is a yearly subscription. So a customer initially buys a workspace and specifies how much GB they want. The minimum starts at around 30 GB. You can buy multiple workspaces."
"This is an expensive product and if the price were reduced then it would attract more customers."
"Anaplan is a bit pricier compared to its competitors - the license costs about $4,000 per user annually."
"Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."
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Top Industries

By visitors reading reviews
Computer Software Company
12%
Manufacturing Company
10%
Financial Services Firm
10%
Retailer
7%
Manufacturing Company
12%
Financial Services Firm
11%
Computer Software Company
6%
Retailer
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business9
Midsize Enterprise5
Large Enterprise12
By reviewers
Company SizeCount
Small Business3
Midsize Enterprise2
Large Enterprise9
 

Questions from the Community

What are your main use cases for Anaplan?
Anaplan is an industry-leading cloud-based corporate performance management (CPM) platform that combines business planning and analytics in a single solution. It is designed to assist organizations...
Is Board better than Anaplan as a Business Intelligence (BI) solution?
We've had several FP&A departments include Anaplan in their analytics discussions, and while BI information IS generated, the focus is generally on compiling input from various sources and simu...
Is Anaplan better than SAP ERP?
There are different aspects of both Anaplan and SAP ERP that I like and dislike. Anaplan improves forecast accuracy and drives up the quality of analytics. Rather than spending all of their time co...
What do you like most about Oracle HFM?
The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.
What is your experience regarding pricing and costs for Oracle HFM?
It depends on the discount offered by Oracle. It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a ...
What needs improvement with Oracle HFM?
Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities.
 

Comparisons

 

Also Known As

No data available
HFM
 

Overview

 

Sample Customers

HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
B&B Hotels, Goldwind, Drake & Scull
Find out what your peers are saying about Anaplan vs. Oracle HFM and other solutions. Updated: September 2025.
867,497 professionals have used our research since 2012.